er yep...
at one time Searing was 12 on the all-time list on litecoinpool...and I was as high as FOUR on the daily list...
now look at my standing (sigh)
daily standing is 834 and now my all time standing is 193...
...sh*t changes...but yeah....some folk did have bucks to toss into mining...blew past me they did in the last year or so
(then again..when I was doing this stuff LTC was $4.15 USD.....perspective don't ya know)
Sorry if I'm still starry-eyed here, but this is really fascinating to me. It is difficult to fathom the scale of a single node investing so much. That hash rate is roughly equivalent to 24,000 Antminers. There's gotta be a big warehouse in china just draining the power-grid or something?
Currently, my ranking is at the very bottom... probably because I am CPU mining. I understand no one can compete without special hardware these days. At my current rate, I'll have a penny's worth of LTC in about a week!
So what got you into mining Searing (if you don't mind me asking)? Did you get into mining for profit or was it more of an interesting hobby? Currently I'm looking at it as more the latter, because I think I'll really get a better idea of the technology that way.
Regards!
Was gonna get put up the old bbs game server again (lost gonzo bbs) was kinda huge..that was like 60 bucks a month at least with electric..found out about btc mining...got a
knc jupiter 300mh and turned it on..was I think around 1 btc a day at $150 a day btc the day I started...0ct 18th 2013....I also had a hedge on selling some Game of Thrones
swords for (eventually I sold them..but got me off the dime) for 3.5k....the miner after that was 3k (when I did finally sell all) thus my logic was for like 1.5k more than putting
up the game server again etc etc...and pay elec of 60 bucks am month for towers on that puppy..I figured I could mine for a year ..(looking at the diff) and then maybe pay
my house utils for another 3-5 months before doorstops....and hell..this BTC stuff could help the poor with microlending loans /bank stuff that was talked about at the time...
of course 3 weeks later I paid the unit off because all hell broke loose and btc was 1k I think around thanksgiving 2013 or some such sillyness
of course the whole works of cyrpto could skunk to tulips
Nov 2014 I went exclusive to knc titans and scrypt-pow and then Bitmain units ....L3's and L3+'s etc...have not had a btc machine since
but man..it is looking kinda dire on LTC prices
difficulty is a killer thou....at $120 an LTC and 400w and 250mh L3 and 12c kWh electric I'm getting
$1.13 a day ....down from my previous post per day....its the difficulty that is dragging the boat down...we need a price pump